30.07.2019 • NewsElaine BurridgeNouryon

Nouryon Boosts Metal Alkyls with China Buy

Nouryon Boosts Metal Alkyls with China Buy (c) Nouryon
Nouryon Boosts Metal Alkyls with China Buy (c) Nouryon

Nouryon has acquired Zhejiang Friend Chemical, China’s largest producer of triethyl aluminum (TEAL) – a metal alkyl used in the production of high-volume polymers, such as PP and PE.  Financial terms of the transaction were not disclosed.

The Dutch company said the acquisition substantially raises its global TEAL production and strengthens its position as a leading global producer, as well as making it the “only truly global producer of metal alkyls.”

The deal includes products, technology, customer lists and a manufacturing site in Jiaxing, located 100 kilometers southwest of Shanghai. About 60 of Friend’s employees will join Nouryon, including founder HaiQing Zhang, who will serve as a senior consultant.

“Friend has a great reputation in the industry and with this acquisition we’ll now have manufacturing facilities in Asia, Europe and North America, enabling us to better serve our customers in this fast-growing market,” said Johan Landfors, Nouryon’s managing director polymer chemistry. The company will also evaluate opportunities to expand operations at Jiaxing, Landfors added.

The acquisition is Nouryon’s second move to boost its position in serving the polymer industry, having purchased Brazil’s Polinox in September 2018. Polinox is South America’s leading producer of ketone peroxides, which are used in the production of various plastic and composite products.

 “We will continue to support our growth plans with strategic, bolt-on acquisitions,” stated Nouryon’s CEO Charlie Shaver.

 

 

Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.

CHEManager Spotlight

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics
Creating Interfaces

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics

CHEManager Spotlight is an exclusive event tailored for practitioners and decision-makers in the chemical industry. This part of our event series delves into the latest trends and innovations in logistics to streamline your operations and drive efficiency.